"So the titanic showdown between Facebook and Google might not be the News Feed vs. Google+ after all. It might be Facebook Camera vs. Project Glass. It might, in fact, be pictures vs. vision." Sounds esoteric, but bear with author Robin Sloan, because I think he's clearly on to something. By extension, this.

Making good videos, that are a pleasure to watch, requires work. It is, in my opinion, not something that can be done spontaneously like that, you always have to remember that you're filming and keep concentrated on what the camera is doing.

Also, making good videos typically involves discarding, essentially, most of the material shot - that's not only probably the single most important thing overlooked by creators of crappy videos, the concept of such "life experience" videos also goes right against it.
(sure, there might be a small craze for some time, like with more usual home videos http://www.osnews.com/permalink?521084 , but...)